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tv   Markets Now  FOX Business  January 28, 2013 11:00am-1:00pm EST

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>> these guns are light gray. they are very accurate. stuart: pepper spray, mace or a five hand will not protect women. >> these guns only account for .6% of the murders that happened in this country. why do we still call them assault rifles? stuart: if you want to square someone, it is a chainsaw. charles: that is why you have not met any of your daughters boyfriends. stuart: i was only half joking. if you really want to scare someone, someone knocks on the door late at night and you do not know who it is, you are on your own and you are a little worried, you fire up the chainsaw. charles: you really get scared.
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[ laughter ] >> texas chainsaw massacre. [ laughter ] stuart: mark, you are okay today. you, too, charles. dagen: the only thing a haunted house needs is a chainsaw. it smells and it is loud and it is just plain scary. connell: stuart comes out in his white sox and sandals. dagen: i am dagen mcdowell. connell: good morning. i am connell mcshane. a group of bipartisan senators being out ahead. dagen: paul ryan showing some love for president lyndon. connell: the largest to a new all-time high. turning into a slow grind. in other words, it is taking forever.
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dagen: top of the hour, everybody. stocks now and every 15 minutes. nicole petallides is looking at a pretty lousy day for one retailer. nicole: i am taking a look at barnes & noble, dagen and connell. they will close a third of their stores. it is a tough economy. people are moving to digital. this may bode well for amazon.com. barnes & noble down nearly 2% today. barnes & noble say they will close one third of their stores over the next decade. let's take a look at the broader market. the dow down about ten points. much like the nasdaq composite and the s&p 500. they are all hovering near the unchanged line.
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the retail, drugged and bank index all have done okay with down arrows. connell: a team of a bipartisan senators have come together with their own plan on immigration reform. dagen: peter barnes is on capitol hill with the very latest. peter: this group of eight editors can't bipartisan group, for democrats, for republicans, trying to get out before the president speech tomorrow in nevada. now, the senator's proposal includes increase and verifiable border security and tracking of legal immigrants making sure that they believe when they are supposed to, mandatory
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employment verification, green cards for top floor and college students who are getting advanced degrees, as well as, an immigrant worker program. a better immigrant worker program. senator mccain said that for republicans, the politics of all of this is part of the equation. take a listen. >> we cannot go on forever with 11 million people living in this country in the shadows and within a legal status. we cannot have children who are brought here by their parents when they were small children to live in the shadows as well. peter: as you recall, in the november election, president obama got about 70% of the obama vote while romney got about 27%. connell: we are bringing brad blakeman and. doesn't senator mccain pretty
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much sum up the politics of this? >> absolutely. the smart thing is it is not only republicans. they now form an alliance in the senate with democrats. we have to be careful that is aligned does not work into a super committee. what the senate needs to do is lay the groundwork smartly before the president's speech and then sub this out to the committees in the senate in order to do their work. whether it is on border and homeland security, taxation and then the house has to do the same. connell: i want to ask you a question in a moment on what the republicans need to hold out on and not give in on no matter what. all all of the attention, so far, has been given on a pathway to citizenship.
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a lot of the ceos are very big on this. that should be the thing that the republicans are pushing war than anything else. >> absolutely. we should be providing scholarships and places and our universities for the blind that we need here in america. not only the environment in which they can come here and study, but say here if they are needed. connell: making sure that it is not included in this deal, whatever that turns out to be? >> amnesty. there has to be a pathway to
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citizenship. people who follow the law should not be burdened by those that do not. connell: defined what that means . >> the 11 login or so have to be encouraged to come out of the shadows and join those already in line. there has to be an incentive for them to do that. it has to be negotiated. that is what we are afraid of. we do not believe that 11 million should be granted citizenship to prevent those that have followed the rules from the pathway to citizenship that they followed. connell: last thing on the prediction of the politics on this before we let you go. you think this will be a hard-fought, year-long battle or do you think we will get something done really quick?
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>> it depends on whether or not they want to treat this like obamacare. no transparency. i think it will be very hard to get anything done. i think you have a much better chance of smaller bills coming to fruition than a big ominous bill like obamacare. connell: brad blakeman, as always, thank you. >> thank you. connell: economists expecting strong gdp growth in the year ahead. it is up 36%. there is a new poll out. dagen: phil orlando joining us now in studio. phil, great to see you spin a pleasure to be back. it sounds like an impressive study.
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frontline economic growth is 3%. we ought to be at 4% write-down given where we were at the depth of the great recession. the majority of economists think we will keep limping along at 2%. we could eliminate all of these issues and negotiations that we have been having over the last three or four years. connell: the ten year treasury yield. all of the go, you saw a getting below 2%. see what happens to treasury yields and interest rates in general. >> we have one of the more bullish outlooks. the target is 1660. what we did not, however, think
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we would get to 1660 straight away. we thought they would be some pullback during the early stages of the year. dagen: at what point, though, to higher interest rates get into the way. >> we are parsing and 5% treasury yields. 2% caught looking at the model, the appropriate feet you would be something like 50 times earnings. that is absurd. we have been ignoring these low interest rates that are there because of fed policy. connell: maybe they will get the fed to act. >> one other thing from the financial market standpoint, interest rates go up which means bond prices will go down.
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connell: to follow up on what dagen was saying that you seem to be ignoring the potential pitfalls of washington getting in the way of markets again. that is the one thing that could stand in the way of that you know, economic growth and all of these things. >> that is the reason why we have been sort of cautious in the beginning of the year. the market, however, seems to be ignoring what is going on right now. they seem to be saying, look, we have seen this movie before. we know how it ends. at the end of the day, we will figure out a deal. dagen: speaking of the shift from fixed income into stocks, you saw a record amount of money according to a orders report. about 25 billion going into u.s. stock funds.
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that is something we have not seen since the middle of the last decade. >> absolutely. we have been waiting for this equity flow for the last five years. it is finally starting to happen. connell: slowly creeping back. we will keep the hats under the desk for the party and everything. thank you, phil. phil orlando. dagen: i am really old. so, you know. connell: kind of ugly. dagen: thank you, phil. people in the salt lake city region catching a breath of fresh air after a smog smothers residence and businesses. connell: that expensive college education is now leaving a good set of america overqualified for the job that they are getting. dagen: controversy over experiments into bird flu transmission. the company involved in the danger and the benefits. a look at the oil markets. completely unrelated to the bird
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flu. but, there you go. ♪
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connell: charles payne is ready to go, but it is a quarter past the hour so we are going to go back to nicole petallides at the new york stock exchange. nicole: apple has moved back and forth. we watch this from $700 down to $435. where do you buy? they are nervous here. they are in a wait and see mode.
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apple now is competing so heavily against samsung and samsung baby cooler than apple. you know how it goes. there it is out for 50.72. we talk about the fact that not too far off the unchanged line. procter and gamble is up there as well. on the downside, alcoa and bank of america are two names that are weighing. connell: thank you, nicole. dagen: he already introduced him. connell did. charles payne. he is ready to make you some money this hour. i did not craft this segment. charles: you like those rvs. i finally went on a vacation. i took an rv from here to alabama. i insisted on the biggest one they had. it was huge.
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i did not know what i was doing. i got pulled over and he told me to "pick a lane." [ laughter ] charles: you almost feel like you are changing the stock. longer-term, this stock has been as high as $95. it is worth chasing. the market share gains were absolutely phenomenal. across the board, everywhere you look. they gain market share everywhere across the board. over all, they have gained market share. the gross margin, they reported 10.7% from 6.4% year over year. i have this sometime last year. i still think the next move, a close up of 20 takes the stock significantly higher.
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connell: is it -- charles: in the last two months, wall street has upped their earnings consistent. now they are looking at $0.82. for fiscal year 14, looking for $1.03. this is almost 100%. when wall street starts to ratchet up its earning consensus, it never catches up to reality. dagen: how much of the price move of the stock is correlated to the price of gasoline? i would think that would put pressure on this business. charles: it is more of a yellow flag then a red flag. they are sort of financially set. gasoline will not change them that much. by the way, take a look at their class a diesel. $365,000. it is tricked out. that is the one, dagen, you have
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to get eckstein. just teach me how to drive it. connell: pick a lane. dagen: start small. like a tractor first. connell: stuart varney could teach you that. dagen: he knows how to drive a lawnmower. that is a lawnmower not a tractor. actually, when you are like wearing sandals on a lawnmower. no. and then you take a picture of yourself doing it. no. connell: residents of utah catching a break. this is in the salt lake city valley. dagen: working hard for a higher education. take a look at how the dollar is holding up against world currencies today. ♪
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>> at 23 minutes past the hour i have your fox news minute. violence is continuing and
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egypt. more than 50 people have been killed in protests that began friday. the two-year anniversary of the uprising that toppled the then president. police have arrested three people following the deaths more than 230 people in brazil. a band member lit a flare onstage resulting in mass panic as patriots fly to the one exit. a stretch of the mississippi river is closed to shift traffic as crews worked to cleanup and oil week. a tugboat pushing two barges. a railroad bridge. those are your news headlines. now back to connell. connell: thank you very much, lauren. doctors telling people to just
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work from home. regulators are blaming something called temperature and virgin. no wind and cold temperatures dropped to tenth in the valley. the epa has already labeled the salt lake city region to having the worst air for the month of january. this is the new normal. the number of americans with bachelors degrees grew by 25% to 41 million from 2002 to 2012. google plus had nearly 350 million active users at the end of last year. while that is still way behind facebook, it was enough to pass
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another google social site, youtube. twitter, by the way, was fourth. dagen: to receive information rather than deliver it. connell: i get a lot of stuff off of twitter. i have facebook, but it is annoying. dagen: you are the one that post pictures of you play badminton. connell: that is a good joke. dagen: you never know. i could see you play badminton. paul ryan with a bit of a surprise over the weekend. if bill clinton was still president, we would be done dealing with the financial mess that we are in. connell: researchers are taking what is a controversial step of a new strain of the bird flu. much more still to come on markets now.
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let's take a look at some of the winners on the s&p 500. ♪
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dagen: congressman paul ryan says if bill clinton was still in the white house, we would already be done dealing with this financial mess. black rock jumping in and buying a stake in twitter. controversy over research that would enable the bird flu to be transmitted from person to person. we will dig into that. connell: as we do every 15
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minutes, let's go to the new york stock exchange. nicole petallides looking at caterpillar. nicole: worth about 15 positive dow points. it is up 2.2% right now. very busy here for caterpillar. they did have a tough quarter. tough economy. they did have a lot of inventory that they try to cut into a little bit. that outlook here seems to be a little bit better. they are on strategy and keeping online. that is good news for caterpillar. right now, the dow is sitting in positive territory. up 11 of the last 12 trading days. and the nasdaq composite higher by two tenths of 1%. that is the latest here on the floor of the exchange. dagen: thank you, nicole.
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would this fiscal cliff best rdp resolved if bill clinton was in the white house? >> i think we would have fixed this fiscal mess by now. that is not the kind of presidency that we are dealing with right now. dagen: brought their is here with us now. maybe he is just trying to say, hey, i can work with democrats, just not the one that is their. >> this administration is so much not dealing with the issues like deficit and debt.
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if they were still around, this would not be an issue. he could do with them. he could work with them. he could get it done. just by signaling that, i think it sends a message that it is not as president obama says that the republicans are so extreme on these issues, paul ryan is sending the message that it is actually president obama that is extreme and not dealing with these issues. i think that is the message that they are sending. dagen: do you think that the state of the union address will take on those critics and address it? it would certainly have to with the president skipping over it
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in the inaugural speech. >> you would think it would have to be specific. however, we thought you would have to address the issues after the 2010 shellacking, in the president's words, when the republicans took over the control. the president spent very little time on entitlement reform. i think it will be interesting to see. i think you see the choice that this administration makes. dagen: i fixated on longer-term interest rates. that, again, is how much it cost this country to borrow from around the world. look at that ten year yield today. it is back above 2%.
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that will be the thing that forces lawmakers to act. >> that is the thing that everyone is fixated on. how the federal reserve has fixated into this, i mean, these rates are historically low. the interest we pay on the national debt suddenly skyrockets and what we put out every day on interest payments alone will then overtake us as a nation eventually. that is a point that interest rates start to go up and up and up. our interest on the debt payment will be something that will be hard to handle. dagen: he was just asking about it, but you do not get a sense
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of urgency. you do not get a sense of worry. we can borrow at these rates until we just cannot anymore. this day could arrive much quicker and much sooner than people would think. >> i talked to a lot of democrats on capitol hill who think that this normal is the new normal. boy, i tell you, there are many economists out there that say it is not likely that you can keep this balancing act and all the plates spinning on all of these, you know, polls all over the place for that long. dagen: it was great to talk to you. made me a little nervous. great to see you. bret baier. you can catch him every weeknight 6:00 p.m. eastern time on the fox news channel. take care of herself. connell: researchers want to
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mutate the bird virus. they say it is all an effort to come up with a vaccine. dagen: we were talking about twitter all power. ten-year treasury. it is above 2% earlier today for the first time since last april. people are dumping bonds. how high can it go. ♪ [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing.
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♪ >> i have your fox business brief. orders jumped more than expected in december. that is thanks in part for a large amount of orders for boeing aircraft. if you factor out the transportation component, orders were up 1.3%. that also tops share expectations. shares of yahoo! are relatively flat. the company is expected to report a profit of more than
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$22 million. general motors dropped to second place while volkswagen came in third. that is the latest from the fox business network. giving you the power to prosper. ♪
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♪ [ laughter ] connell: we were all just talking about how cute the
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little kid is in the bowls leg and super bowl commercial. vw is back for the fourth consecutive year. this year the theme is "get happy." is it even close in terms of accuracy, $10 million? >> not going to go into the numbers specifically. i think you have to see the super bowl and context of all of the communication going on. the super bowl is certainly one of those key moments. it does help fit with everything you do as a brand.
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we reported that $3.82 million spot. you do some speculation and say, well, that is a lot of money. what metrics do you use to calculate whether it is worth it every year? >> there is a whole number of different metrics that you can look at. very importantly, because the super bowl is not a single game, we have really expanded the engagement with the marketplace over a two-week horizon. we can look at the engagement on you to. also, how overall business momentum develops over a period of time. connell: the ad got a lot of attention. some of the ads -- do you lose
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billions on that? is it a pretty big risk? >> i mean, what you have to do is make sure you eliminate all the risks that you can. it is a creative process. you have to test it properly. when you look at the track record that we have built, at least for the volkswagen brand, we have a good momentum in terms of not just super bowl communications, but the business in total is developing. that gives you some reassurance. connell: let me ask you one question about the business while we have you here. i know in the united states you operate. what about the u.s. economy and to your plans? will you be hiring u.s. workers this year or subtracting them? >> well, if you go back to 2008, we laid out a long-term growth plan for the u.s.
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that first phase of growth involved $4 billion of investment and products. last year, we added to that. it was approximately $3000 in total. that was a big step forward. in detroit earlier this year, we will be going through another wave of investment. that is between now and 2015 for the north american region in total. strong commitment by the global organization. a deeper engagement in the north american region. connell: jonathan browning, thank you for coming on. >> pleasure. dagen: pw includes vw audie, bentley, lamborghini and my personal favorite. broke a 40 year sales record last year in the u.s. i will go for a jetty any day of
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the week. blackrock looking to get a steak and twitter that could value the social networking site at over $9 billion. connell: let's go to shibani joshi for the details on that. shibani: happy monday. it is definitely a deal worth reading about. making a nice cash infusion into twitter. this reported over the weekend. it is injecting $80 million or buying 1% of the company giving the six-year-old company a value of $9 billion. it is making it bigger if you look at the market cap of some publicly traded companies. bigger than research in motion. almost double the size of best buy. almost four times as big as zynga and aol. it was a way to retain employees. employees are itching to sell
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out. it is widely expected, though, that the company is looking to make a public debut on the public target either this year or next year. it was put on hold after the whole facebook fiasco last summer. dagen: thank you, shibani. connell: let's go to nicole petallides for stocks now. an update on herbalife. nicole: if you look at herbalife right now, it is down double digits in percentage terms. a name that certainly has had a volatile run. it has gone back and forth with the billionaires and hedge funds. is it a ponzi scheme, is it a great company? we have everything in line. here it is now. up off the lows of the day. there were some concerns that the ftc would be announcing actions against a peer amid scheme over in kentucky today.
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people sometimes correlate one with the other which is not necessarily the case. the ftc is actually doing something. i have no idea whether it has anything to do with herbalife or not. we did see the stock reacts, though. connell: nicole, thank you. dagen: going ahead with research to develop a new strain of the bird flu. we are talking about human to human transmission. the goal is good. we will explain, well, the safety concerns of their. connell: keeping an eye on some of the individual stocks. here are your winners today on the nasdaq. ♪
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♪ dagen: international scientists say they are resuming controversial research into the deadly bird flu. a moratorium was put in place last year after two studies were close to making the bird flu transmission double for person to person infections. forty experts from nine nations now say they are ending up oratorio. what to make of it? we have a doctor here now. great to see you. why do this now and pursue this line of research? >> well, it is very important to pursue the line of research. the bird flu is still smoldering and particularly southeast asia. scientists need to stay ahead of the situation to figure out what
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the characteristics of this particular virus is. what is it that may make it transmission double. it is very poorly transmission double now. even from chicken to human. this is something that could happen. if the research is aimed at keeping us better informed than understanding the process, that is the reason to continue with caution in making sure we do all the security issues. dagen: that was my next question. how do we know that this research is safe? how can we guarantee that? >> these risks are very highly measured by biosafety training of investigators, done under the proper containment.
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you get information on how it may be spread and how it may fall into the wrong hands. this is really the subject of a considerable amount of discussion that began well over a year ago when the moratorium was first put in place in january of 2012. it is now extended for a year. just last week, they lifted that the experiment not be done unless under very surgeon, strict criteria. dagen: very quickly, doctor, where is the research being done. >> various labs all over the world. the two big experiments were conducted in wisconsin with nih funding as well as in rotterdam,
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in the netherlands. dagen: thank you, doctor. it was great to speak with you on this developing subject. take care. connell: let's go to the oil price today as we go back to the markets. hovering around four month highs. dagen: sandra smith has that in today's trade. sandra: we are above $96 a barrel. traders really trying to find direction in this market. coming off the longest weekly winning streak and oil. jumping nearly 5%. on the flipside, white oil
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lowered. we have the strength in the u.s. dollar that has been pushing commodity prices lower. gasoline prices are moving up by 2%. there is forecast for warmer weather on the horizon. natural gas, as a result, down 4%. it is the worst performing commodity at the cme group today. oil making new multi- month highs. connell: sandra, thank you very much. dagen: already have durable goods this morning. connell: the market is pretty flat. cheryl casone and dennis neill continuing our coverage when market now comes right back. ♪
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dennis: dow flat. cheryl: i'm cheryl casone. hot markets here, but a rough
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economy. the dow, really, within 300 appointment of an all-time high. the economy continues to suffer from high unemployment and lackluster data, a debate ahead on where investors should put the money. what do you believe at this point? >> did president obama anoint hillary clinton as the next presidential nominee? does she have what it takes to fixes economy? the debate ahead following the love fest between the president and secretary clinton on "60 minutes last night. cheryl: a rare bipartisan moment in washington as president obama pushes immigration reform. republicans are in rare agreement with this administration. dennis: top of the hour, stocks every 15 minutes. nicole on the floor of the new york stock exchange. stocks can't make up their mind. >> right? don't forget, not far off from the all time high. what's interesting is the fear index with an up arrow today, slowly gaining and there's volatility. we crossed the unchanged line,
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sometimes 50-60 times is not unusual to see that, but the trend, no doubt, to the upside. 11 of the last 12 trading days have up arrows. we'll see where we end today. caterpillar leading the way, dow jones up, a winner,s and transimportants doing -- transports doing well. turns out, they have to close one-third of the stores over the next decade. obviously, looking at the stores that are not as luck -- lucrative and underperforming. amazon is a real contender and competitive player there in this realm. borders liquidateed. barnes & noble down 1.8% on the news of the store closures. cheryl: thank you very much. see you in 15 minutes from now. stocks creeping up to the highest levels ever.
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dow close to the all time, 14616.53. putting that out there. investors have to prepare for economic data. every day this week, up to date on housing and employment. here to hash it out and what's the truth here, john, moody's chief economist and dan, jane technical strategist director joining me now. i have to start with you, dan, and a couple things here. when we saw friday, the dow was 20 points away friday afternoon from 14,000. we're so close to the mark. a little resistance got in that session. more resistance today. are the bullings -- bulls scared about the economy? >> yeah, i would think they are. consensus now is that we're due for a pull back from the running up too far, too fast. it's possible to take a breather here.
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looking for a correction between now and the first two weeks of february. i would also just like to point out for the dow and s&p, larger caps, look at what the smaller caps have done, the russ of 2,000, the s&p mid cap, 400, the small cap, 600, these indexes broke out to all time secular highs, brand new highs. very bullish in our opinion, longer term. maybe it's over heated short term, but we like the fact that the small and mid caps are leading the charge against all the other headlines cheryl the short term pull back, 3% to 5%. can't -- john, here's one big thing. the jobs picture, sitting at 7.8% unemployment in the country, joan, and told by the economists it's not going to change. how do markets take off? >> it's really hard to have consumer spending grow as
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rapidly as it did in previous recoveries when you have four million fewer jobs today than you did in january 2008. you know, we saw some evidence of that with the december report on pending homes sales that fell more than 4%. record levels of affordability, the consumer remains cautious, and because of the still soft labor market, it's understandable. cheryl: consumer discretionary is what you caution against, but as far as sectors go, everything else, pretty much, you like, whether it's cyclicals, financial, or energy. at this point, you know, you like those groups? >> yeah, absolutely. there's a good point, the consumer is not really serging the way they have done in the past, and that's actually our point specifically here. renaissance -- cheryl: they are not working. >> absolutely, but those are
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lagging indicators. the renaissance is coming around, manufacturing, the early cyclical materials, and once they move, you can start to see better economic data down the road. again, we looked at the tape first, judging as a leading indicator in front of the economy. i think that's what it tells us at this point. cheryl: john, back to 2004 here with the fed, i mean, at that point, that's when they started, if memory serves, to begin to raise rates. you didn't see that market peak, again, the october 2007 market peak. there was a major lag there. are we facing that again? are we that far behind the curve? >> u -- you know, we see that in the past, even back in the 1990s, the fed hiked interest rates in february of 1994, the equity market didn't peak until march 2000. while the start of fed rate hikes is likely to spark a selloff on the equities side,
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the historical records strongly suggest that following that selloff, there's a lot of upside potential for equity evaluations. cheryl: one more thing because youing brought it up, and i have to ask you this. the small caps and mid caps, what we said under the regulatory environment, dan, small businesses are on the fence when it comes to expansion, adding new machines, building new plants, so can that rally really continue if that's what the small businessman is saying? >> well, that's -- i mean, that could be the fly in the ointment here is obviously any kind of fiscal missteps or type of policy missteps. at this point, judge a trend of the tape and not factoring that in, they are not discounting that as a high risk, at least for 2013 #. you know, if the market rate's down, as the tape breaks down and selling to the tune of 2% and 3% and that gains momentum, we pull back the reigns back in
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2013 and beyond. for now, urging people not to be contrarians, but be trend followers. let's not misit. it's clearly the trade is that the market wants to go higher against con consensus saying the economy's not doing well that were overdo a major correction in the market. that's the danger here. cheryl: dan, i can't help but ignore here the commodities market. they are $96 and change in crude, but at the same time, you're going to continue to have those push higher along with the market, that, to me, is a bull sign. >> well, yeah, i mean, one was of the things we look for was the hallmark of the next market cycle. we are transitioning cycles here from a deflation their bear market contraction throughout the last decade or so into the next major cycle which we think is an inflationary expansion. as commodities push modestly
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higher, but not outpace returns in equities. right now, that's what's happening. rates pressing hire, commodities moving modestly higher, but the big winner is equities, a leading indicator. cheryl: john says we need 4 million jobs. i don't understand where the 4 million jobs, john, are supposed to come from. >> i don't know. you talked about small businesses. the signal businessman is worried about the ultimate cost of health care reform that gets introduced in 2014. they are not in the mood to step up spending or hiring, and more, you know -- moreover, on the inflation front, don't lose sight of wages. wages are the ultimate determinant whether or not inflation is long lasting. if wages grow 2%, there's a limited upside for inflation. cheryl: i know, i know, great to have you both on. it's confusing. gentlemen, thank you. >> thank you. >> thank you.
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dennis: nice job on the name combo, cheryl. i would have blown that. president obama laying out a plan on immigration tomorrow, but a team of eight senators have their own overhaul. cheryl: peter barnes is on capitol hill with rare agreement between republicans and democrats. finally, we have something, peter. >> yeah, cheryl and dennis. that's right. it's a preemptive bid ?t senate. the group includes senator john mccain, pushing immigration reform for simple years, and florida senator marco rubio join this group as well. they are trying to get ahead of the president's speech in nevada tomorrow on his immigration plan which he introduced in 2011. just reading that over for fun. like the president, they want to create a pathway to citizenship, and their proposal includes a registration and probation program allowing illegals to stay and live and work in the united states with a green card as long as they paid back taxes
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and paid penalties and get in line for citizenship and approval. they also, however, want stronger border security and tracking of legal immigrants and whether or not they overstayed their welcome. they want to strengthen the employment verification system out there for immigrants, and those getting advanced degrees, ph.d. and masters in the math and the sciences. all of this is good politics, take a listen. >> look at the last election. look at the last election. we are losing dramatically the his pappic vote we think should be ours for a variety of reasons, and we got to understand that. >> in the last election, president obama got 71% of the
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hispanic vote, and mitt romney got 27%. dennis, cheryl? cheryl: immigration a big topic, obviously, and they voted on that. peter barnes, thank you very much. >> you bet. cheryl: gun stocks trading, the sector, we have been watching it, the two biggest names we follow, mar -- marginally higher. the president and vice president meeting with chiefs from major cities like aurora, colorado, oak creek, wisconsin, and newtown, connecticut, all cities that experienced mass shootings. there's an atolt weapons ban, limited magazines, and background checks in a store, private sale, an auction, or even a gun show. dennis: half of working americans with college degrees a over qualified for their current jobs. the center for college
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affordability and productivity says it's the new normal and will continue into the next decade. those with bachelors grew 25% to 41 million from 2002 to 2012, and last -- well, 2011, people 25 and older with a bachelor's made an average of $59,000 a year compared with those just a high school diploma who made $32,000. cheryl: all right. well, if you have not noticed it -- actually, i have to look around, it's still snowing. snow hitting the north east, slowing down air travel. the latest coming up from the fox weather center, and our weather machine. dennis: paul ryan says bill clinton would have already fixed this financial crisis. two differing points of views on whether hillary clinton can do the same in 2016. cheryl: another oil spill in the mississippi. how the coast guard is dealing with it. dennis: take a look at oil. we are live at the cme next with just how high it might go.
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dennis: 15 or so past the hour. stocks every 15 minutes, and coverage coming up. sandra at the pits of the cme, and charles payne making money with electric cars, and nicole where stocks are imbue lant. >> not too far off the unchanged line, but note how far up reran; right? above 1500 on the s&p 500, basically five year highs, levels not seen since 2007. the dow jones industrials not
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far from 13900, down five points. right now, weighing on the dow is alcoa, boeing, exxon, bank of america, names under pressure, but caterpillar has a decent outlook moving the dow upwards; right? 15 positive dow points, hp doing well. and the fear index back to the upside. talk about volatility, and we're also seeing the dollar stronger which pressure things a little bit. that's the latest here on the floor of the new york stock exchange. what's going on in chicago, sandra smith? >> hey, nicole, energy futures, a lot of movers here on the cme group today. natural gas futures, one of the biggest movers to the downside today. natural gas through a direct result of warmer weather coming up, decreasing the need for natural gas, and, therefore, decreasing the price. heating oil prices pretty much flat, but crude oil back above $96 a barrel hitting four month
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highs. that durable goods number, better than expected in december, up nearly 5%. that is pushing oil prices higher leading to speculation we may need more going forward if the economy improves. gasoline prices, best performer on the cme group right now, wholesale gasoline prices up 2 #% hitting three month highs as one shuts down a major east coast refinery. cheryl, back to you. cheryl: thank you very much. nicole, see you at the bottom of the hour. time to make money with charles payne this hour following up on tesla motors. you told the viewers to bought the stock, and if they would have -- >> would be up huge now. september 24th, the stock closed at $30, and two days later, $27. came back on, listen, the problems that the stock was down on production issues, it's a new company. i thought it was overa action. it's up 37% since then. active target i gave that date. i'm torn because i still like
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it, but, you know, the stock is so volatile, if they saw the segment, liked it, bought it, take profits. stop at 35. 53% still short, i think, shorts in general, there's a report, if they sell the world they are 400 cars a week, that could be the news the market needs to see to propel the stock higher. oil prices really nice and cheap. that's bad for electric car sale , but i think the niche is not the niche that's going to, you know, flux wait, you know -- dennis: for the rich who want a collector's item. >> it's not the volt. they make amazing cars. mark was on this morning, just bought one for less than $1 # 00,000. he said it was the best car he bought, period, electric or not. i think they are building that little following. the stock has been absolutely remarkable, but we are reminded it's volatile. they picked it up during that
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period, i would take half off. cheryl: can't believe he bought that. >> not just that, but the biggest advocate for it. he's never had a car that good. dennis: okay, thank you. mark, a trial lawyer, who won trillions of dollars from companies, and if he can afford any car, that's way. litigation prices in america. salt lake city breathing easier, literally after smog smothered residents and businesses. cheryl: wall street firms headed south to tiny florida, but not because of the weather. great story coming up. first, a look at the world's currencies and how they are against the u.s. dollar, which, again, seeing the year row getting stronger, a buck-34, yikes. ♪ this happy couple used capital one venture miles
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>> at 24 minutes past the hour, lauren green with the fox news minute. brazilian police arrested three people following the deaths of more than 230 in a nightclub fire. the blaze reportedly started when a band member lit a flair on stage resulting in mass panic
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as they fled to the single exit. the band's security team and the nightclub was brought in for questioning. violence is continuing in egypt despite the president's state of emergency declaration. more than 50 people have been killed in riots that began friday, the two year anniversary of the uprising that toppled the then president, mubarak. they seal audiotape tim buck too forcing rebels to flee north. mali forces search for al-qaeda linked rebel fighters hiding in the city. those rebels have been retreating into the surrounding desert and mountains. those are your headlines. back to dennis and cheryl. dennis: thank you very much. a mix of snow, sleet, and freezing rain sweeping through the northeast creating travel issues midday. cheryl: joined live from the fox weather center with the latest. janis: snow in the new york city
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area, changing to mixture of sleet and freezing rain, and that's going to cause big delays, unfortunately, in the northeast corridor in terms of air travel and roadways. look at the satellite, radar imagery. mostly snow in new england, but a changeover from snow to freezing rain under sleet, just north of philadelphia, inching its way into the new york city area, albany, snow, but that is going to, again, make a change over the next couple of hours into a mix of freezing rain or sleet and then change to rain. why? because the temperatures are on the rise. we're going to feel 50 to 60 degree temperatures across the mid atlantic and north east over the next several days. there's the highs today. warm across the south. that's really important because tomorrow we have a cold front moving through that could brick us severe weather like tore they does in the south. 35 in minneapolis, and, remember, we had sub zero temperatures last week. highs tomorrow, going to see the
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cold front move in. 74 in dallas, 71 in memphis. as the cold front clashes with the warm unstable air mass, could see the potential for hail, damaging winds, and, yes, tornadoes. we could have a tornado outbreak tuesday and wednesday. there's the future radar. folks in memphis and chicago. chicago could have severe weather wednesday. the sows including at atlanta, georgia, and new york in line for the potential of showers, thunderstorms, and severe weather if you can believe that in january. it's something to focus on over the next 24-48 hours. cheryl, dennis, back to you. dennis: let's talk utah. bad pollution kept people home from work. what's the latest there? janis: it's improving in utah. over the last week, tremendous fog. salt lake city, utah, the dirtyist air, add version, wind calm, cold temperatures come in,
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sinks into the valleys and traps the pollution. they had health issues, a health emergency in and around the area. winds, thankfully, loosened up. that's helping with the tail pipe emissions and that thing in the mountains and valleys, but it could return heading into the latter part of this week and into the weekend. unfortunately, they have dirty air in salt lake city. cheryl: visibility affects the airplanes and airlines coming out of salt lake. delta has a hub there. jay nighs: exactly. travel in the u.s. will be difficult. cheryl: time to check airline stocks. thank you very much. forget the 49ers and the ravens. rim is looking to make a big splash at this year's super bowl. dennis: congressman paul ryan says the fiscal mess would have been cleaned up if bill clinton was in the white house. after the aexperience on "60 minute," what a hillary clinton presidency means for the economy. look at some winners on the s&p
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or go to lifelock.com to try lifelock protection risk free for a full 60 days. use promo code: gethelp. plus get this document shredder free-- but only if you act right now. call the number on your screen now! cheryl: paul ryan says bill clinton would have had the fiscal mess fixed by now. we debate what a hillary clinton presidency could mean. hedge funds, and it's not because of the better weather. explaning that. rim making a big play for the blackberry 10. the super bowl ad campaign that's ahead. >> bottom of the hour, nicole at the new york stock exchange looking at dole, nicole. >> i am, packaged salads, fruit cups, look how it's fairing now, up over 7%. call it the barren bounce.
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on monday, see stocks react positively or negatively depending on what was written over the weekend. in this case, positive commentary that shares could be worth more than double their current price, and that the stock could rally 25 #% or more over the next year. why are they saying this? well, one of the things they are talking about, in fact, that dole is taking money attained by selling off products in japan, packaged fruit and stuff, and used that to actually pay down debt. positive commentary. you'll see dole foods soaring today 7.33% on a day where the s&p and dow are pulling back a bit. back to you. dennis: thank you, nicole. a love fest on "60 minutes" last night as president obama praised out going secretary of state hillary clinton basically appointing her the next democratic nominee. if that's not enough, republican
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paul ryan on "met the press" says bill clinton would have done a better job than president obama with the fiscal crisis. >> if we had a clinton presidency, i think we would have fixed this fiscal mess by now. that's not the presidency we have right now. dennis: welcome back, paul. we have mo, former clinton spokesman, and dylan glin. guys, looking at whether a hillary presidency is good for the economy, and, mo, as a hillary adviser, starting with you. last night's love fest between president obama and the secretary of state, for the cameras; right? she resents him and dislikes him. go ahead, tell us the true. >> i don't know what interview you watched, but i didn't get that. i mean, these two individuals have developed a very good and
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close relationship, and as they said yesterday, a friendship over the last four years so, you know, i don't know that many people out there would agree with your assessment. that's just a completely, completely different thing than what i saw. >> i remember when they were at the funeral for people killed in benghazi, and the president tried to put an arm around here and she walked in the other direction like she was given the blame. do you think that's behind them? do you think hillary just loves the president? >> you know, dennis, it's hard to say. i would defer to modestly. i would say that, you know, that interview last night, i agree, suggested that the president has moved on and hillary's moved on from the losing primary back in 2008, and by all accounts, or at least by watching that interview last night, certainly suggests that he's inclined to send her forth into the new life with all of his blessings, whatever shape and form that should take.
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dennis: dylan, do you think hillary clinton would be a better president economically than president obama was or than bill clinton was? >> well, i think my friend chairman ryan's comments last night elude to the fact there seems to be a cognizant difference with respect to how the administration interpreted what is a fragile economy by alling thes, an economy on its heels, and at best, growing a trend, to what the president outlined as what they think are the priorities for the country. if you believe in growth, if you think we've got to get unemployment somewhere down below roughly 8% or just below 8% where it is, that we have to have leadership in washington on those matters, yeah. perhaps the president that ran on this, the economy to get more than the current administration, for sure. dennis: mo, what do you think? a left liberal spender than president obama? less than bill clinton or more so? >> paul ryan's comments made me
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laugh. play that game all day. for example, we have a much more functional congress if we 4 different chairman of the house budget committee than paul ryanmented we can play this game all day long if we. the reality is what we saw last night was that hillary clinton signaled there's little daylight between the issues they worked on, and she'd agree the president did a great job of pulling us back from the economic cliff that he inherited, and turned -- began turning the economy around while agreeing there's a lot of work to do. dennis: mo, from president obama's stand point, why hillary and not vice president biden. others think he wants to run too. >> well, look, i think the president -- you know, i, last night, he was not thinking politics, but wanted to thank her leaving the state department. i believe that. i think the president's been doing a good job working -- works closely with the vice president every single day, giving him important jobs in
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recent months. i wouldn't read too much into this, particularly since secretary clinton does not intend to run in 2016. i would not read into the politics. dennis: huh, okay -- >> dennis, i have to let you respond? dennis: do i? i have to? >> i'd appreciate it. dennis: go ahead. >> the fact that the senate has yet to produce a budget in over four years is probably an indicator of what the dysfunction is on congress. dennis: blah blah, heard that before. gentlemen, both great, thank you for being with us. paul ryan, when he talked about bill clinton, he did not mention george w. bush who was the most fiscally irresponsible president in history until president obama came along. thank you, gentlemen. mo and former hillary clinton spokesman and former bush adviser, dylan glenn. cheryl: long term health insurance and whether you should buy it. assumptions about the cost are likely wrong.
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dennis: maybe it was not those new batteries that forced regulators to ground the dreamliner. we'll tell you what may have been the cause in "west coast minute." first, a look at ten-year treasuries. ♪ ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade.
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tracy: i'm tracy burns with fox business brief.
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previously opened homes took a breather after three month of gapes. national association of realtors says pending home sales dropped 4.3% to a reading of 101.7. durable goods orders jumped more than expected in december. orders rose 4.6% from november, thanks in part to large amount of orders for boeing aircraft. economists expected a 1.8% increase. if you factor out the transportation component, orders up 1.3%, topping expectations. barnesbarnes & noble plans to ca third of the stores in the next decade. the ceo tells the washington journal that they have have 450 to 500 stores, down from 689 as of last week. that's the latest on fox business givenning you the power to prosper.
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. cheryl: new poll from insurancequotes.com showing half of all americans know very limit
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about the issue of long term insurance. with the current medicare and aging population is something you may want to take a closer look at. managing editor of insurancequotes.com, and first off, the poll, 53% of americans don't even really understand what long term insurance is, and, yet, you say we probably need it? >> many people do. you should really consider it, especially in your 40s and 50s, and if you look at the cost of long term care, fringe, in a nursing home, that can easy top $80,000 a year so it is something everybody should consider looking at with a financial planner or some other financial adviser. cheryl: home care, if you want to stay in the home, a lot of people do, that's $175,000 per year. these policies, long term policies cover that, but you're saying americans think they are much more expensive than they
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actually are? >> for a healthy 55-year-old couple, the cost is a little over $2,000 a year, about $2700. people in the poll, the biggest guess was $7,000. they were way off on that. this kind of insurance is not nearly as expensive as people think it is. cheryl: okay, also, this is what happens when we go beyond medicare and medicaid, and health insurance coverage. if we, and we're seeing medical science, amazing, and now living longer depending what disease we have. cancer patients are well out living statistics. that's why you say we need to have this? >> definitely. we are living longer. you're going to have more people in the baby boom generation who are coming of age where they may not be able to take care of themselves the way they used to so it's definitely something that people who, especially those who are healthy and can lock in lower savings, need to consider, especially in the 40s and 50s.
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cheryl: average use of a policy is three years, whether it's hospice or nursing home or home, three years, but at the same time, we have a brand new system of health care in the country. you don't think that's a big piece of the pie and why we are seeing more americans looking at the issue because they need back up, frankly? >> well, the existing insurance we have now won't cover everything, and in this case, long term care insurance covers custodial care. it's not the long term health care needs of people, but more looking at the ability to take care of yourself. cheryl: yeah, well, you know, again, we're all living longer because, thankfully, medical science is fascinating. thank you, john. appreciate it. >> thank you. dennis: quarter till, top of the hour, stocks every 15 minutes, nicole on the floor of the new york stock exchange with housing stops. wobbly on pending home sale numbers. >> right. it's housing related stocks;
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right, not just home builders. numbers on housing, good or bad, home builders, everything related to housing. now we got in a pending home sales number, and that index now is weighing on these companies, companies that provide paint, appliances, furniture; right? think of whirlpool for your appliances. think of sherwin williams for your paint, lazy boy for furniture, and home depot for fixer uppers. the numbers, not great numbers, that is weighing on the group related to housing. for 2013, they have done pretty well seeing housing year over year improve greatly, but they are directly correlated to the numbers as they are released. with weak pending home sales number, there's a pull back there. that was a big one there, generac in the hurricane? cheryl: i remember that one, i do. look at the inventory issues out
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there. nicole, thank you very much. see you at the top of the hour. ♪ cheryl: the "west coast minute," and the investigation of the boeing 787 battery program is going in a new direction. they are turning their attention to the company that makes the monitoring system for the 787 battery after finding the battery, itself, made in japan was not the issue. there's new reports that the 787 problems could cost boeing up to $5 billion. we shall see, but here's your stock right now. 74.25, boeing down more than 1%. oregon's public employees got a big return on investments in 2012. the state's public pension fund had 14% return thanks to gains in stocks, bonds, and real estate. however, a $14 billion deficit still remains. that's going to be an issue. the niners landed in the big easy after a big send off sunday
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night. they are now on super bowl soil preparing to take on the ravens. if the 49ers win, it's their sixth victory tieing pittsburgh for the most in nfl history. that's your "west coast minute." dennis? dennis: first time they are back in 20 years. cheryl: yeah, 1994? yeah, yeah. dennis: bar codes appearing in streets in brazil, and, no, they are not for sale, but we'll tell you why they are there. cheryl: will rim score a touchdown for the blackberry 10? that's coming up in the "media minute." dennis: first take a look at the winners on the nasdaq.
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dennis: back from the dead, and now on to the super bowl. rims airs the first super bowl ad sunday with the blackberry ten that could make or break the company. rim trying to rebound from getting mugged by the iphone. stocks down 60% in two years and $70 in early 2011, now it's below $20, bounced 5% or so today. will rim, and bigdaddy.com and other sponsors get their money's worth? cbs fetches $3.8 million for 30-second spots this sunday, up a nice 12% from the super ad fest. a report says last year super bowl drew 11.3 million viewers, the most watched telecast of all time, and averaged 34% more memorable, and 32% better liked. "argo" won, raging out rage over a snub.
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directed by ben affleck won a big award for best ensemil. they won a golden globe, critic's choice, producer guild award, but ben affleck is not nominated for best director. directors can be jealous people, cheryl? cheryl: absolutely was snubbed, but he's having the last laugh already. he looked happy last night. durable goods showed a jump from the previous month as americans are holing on to goods like purposeture and appliances longer than in almost 50 years. dennis: jeff is live in chicago with more. jeff? >> very interesting numbers on this, dennis and cheryl. indeeds, we have a positive trend going. numbers up quickly here at richardson seating. look at the trend over the last several months. since the big drop in august, durable goods trend up, some months better than others, double than what everyone thought. a place where they make seating for restaurants and the consumer
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market, you are seeing evidence this in the uptrend? >> yes, about time people purchase new goods now that things are picking up a little bit. >> here's why. because of the government stimulus or just the economy's going great? not so much. look at this. this is the average age of consumer goods. this is something that also has been trending higher to the highest level in 50 years. take a look at the numbers. we are now, our goods, these things that last about three years, we think, that's what a good durable good is, at the highest level, it's been in 50 years meaning people have to start replacing things. >> yeah, i mean, it's about time people look at the stuff seeing it's time to get something new and better. >> may be part of what's driving. richardson seating in chicago, they do specialty seating for big companies seeing evidence that, perhaps, the economy is moving in the right direction,
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if only because things are falling apart. cheryl: that is absolutely true. i have to check my lowe's and home depot stock. thank you very much. dennis: heading south for more than just the winter. hedge funds and equity firms fed up with high tax rates, packing up and moving to florida. up like new york, which has no state income tax, florida has no state income tax, and new york has the second highest rate in the nation passed by alaska. the sunshine state hopes for more new residents so they have an office dedicated to the financial world's biggest names. cheryl: i don't blame them. brazil sidewalks have a new decoration. they have two dimensional bar codes into the sidewalks. the codes, also known as qr codes, installed at 30 different beaches, vistas, and historic sites throughout the country. two million visitors will get information as they walk around.
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access information like facts and maps by down loading on the smart phone and scan the code. the first installed friday at the massive boulder at the end of a beach. never been there. sound great. i could go right now. thank you very much. i need to go because it's snowing outside. all right. illinois headed for a fiscal dallas. that's the warning from state treasurer. he's joining melissa and lori exclusively. s&p downgraded illinois as the losest -- lowest state. dennis: the new fees you need to know about before you pay with plastic. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core,
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